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Aug 23, 2013 5:30am EDT
assumed control back in july. >>> well, there are new concerns today over technology and the stock market. yesterday the nasdaq was shut down for three hours, not a single trade. more than 3,000 stocks trade on that exchange including google and apple, of course, you can trade those all over the world but that's where they are listed. the estimated combined market value of the nasdaq stocks, $5.9 trillion. now, for perspective if you don't know the difference between the nasdaq and nyc it's entirely automated. it did re-open with no glitches just before the end of the market day. you can see it was in positive oryitctually although the nasdaq is a publicly traded company. that stock traded to the downside. officials say the problem in the data system has been identified and addressed but the real concern is when this might happen again. last year facebook's ipo, the famous ipo was stalled after a number of technical issues and in 2010 the dow dropped more than 700 points in a matter of minutes after a computer malfunction in that famous flash crash. this is being called a flash freeze. >>
Aug 29, 2013 2:30am PDT
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Search Results 0 to 2 of about 3 (some duplicates have been removed)